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This Is AMC Entertainment’s Most Risky Proposal Yet



The theater owner has come up with some interesting ideas, but this may be the most outlandish of the lot.

When it comes to selecting the most speculative AMC Entertainment investments, investors have a lot of options.

Is it a company willing to accept cryptocurrency as payment, or is it creating its own cryptocurrency? Maybe it’s a joint venture with another meme stock, like GameStop? (NYSE:GME) Isn’t it extreme to refuse to answer Wall Street analysts on earnings conference calls in favor of taking questions from tiny, individual shareholders? Adam Aron, the company’s CEO, did answer a question from an analyst during its third-quarter earnings call on Wednesday.

I believe that AMC genuinely embracing all of those concepts is very wise because it must continue to attract moviegoers to its theaters if it wants to get out of the deep hole it’s in. Maintaining a close relationship with small investors will certainly assist in narrowing the gap.

There is, however, a potential drawback to following every demand made by your consumers. Aron also said AMC is considering a number of other risky alternatives, including betting that the stock market will improve in order to shore up its finances. Even if it does, this move would jeopardize AMC’s fragile economic recovery.

AMC wants to get back into the content production business, and it’s considering investing in films that would be shown exclusively at AMC theaters. However, it’s a horrendous idea, just as much as it was the last time AMC attempted it.

Lights, camera, action!

Aron explained to investors that AMC’s previous raising of nearly $1.2 billion earlier this year gave the company significant flexibility in using the money to rebuild the business, one of which could be to produce its own movies.

He noted that AMC had been a 50% owner of Regal Entertainment’s Open Road Films, which won Academy Awards for best picture and best original screenplay in 2016 with the film Spotlight.

“It’s fascinating to think about if AMC would fund content now that there is such a buzz around it,” stated Aron, noting how much interest there is in media companies creating content these days. “The possibilities are endless. Will AMC fund unique content that can be viewed just at our own screens? These are all things we’ll have to look into in 2022 and beyond.”

He neglected to mention, however, that AMC had stopped producing material because it had lost a significant amount of money as a theater operator.

A box office failure 

In 2011, AMC and Regal formed Open Road Films as a joint venture. The company’s first offering was Killer Elite, in which Jason Statham and Robert DeNiro played the leads. It floundered with this one. On a $70 million budget, it earned roughly $57 million in worldwide box office earnings.

Its next film did much better than the first. Liam Neeson’s thriller, The Grey, made almost $80 million worldwide on a budget of $25 million. However, despite the fact that Spotlight’s outstanding success brought in less than $100 million at the box office, AMC and Regal were unable to turn a profit.

The theater owners had collectively amassed over $90 million in losses from the time of the studio’s creation until its sale six years later, and they were unwilling to spend any more money into the business.

In the end, $28.8 million was paid for Open Road, and AMC received half of that sum in exchange for its 50% ownership stake.

Regaining lost ground

AMC announced that for the first time since the fourth quarter of 2019, practically all of its 1,000 movie theaters were operational and open at the end of March.

In the third quarter, 40 million people were entertained, and while revenue of $763 million was clearly far greater than what it earned in 2020, it had come back to almost even with the $797 million it earned two years ago.

Even so, it is still incurring significant operational losses, despite the fact that they have decreased considerably to $145 million this year from $675 million last year (it only made a $21 million profit in 2019).

Now is not the time to put a lot of money into a tough business, which Aron already understands all too well.

Bring down the lights

I appreciate AMC’s openness to ideas from its shareholders and the way it is considering ways to enhance its position past simply the movie screen, but resuming content production may stall the upward momentum it is beginning to see.

The theater owner must terminate this plan. It’s more likely to be successful with its own AMC cryptocurrency than with this one.

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Netflix Is Getting Involved In The Meghan And Harry Saga



Fans of the British royal family were ecstatic when it was announced in May that Netflix will release an “At Home With” style documentary series focusing on none other than royal rebels Prince Harry and Meghan Markle, Duke and Duchess of Sussex (via Page Six). The pair, who now live in California with their two children, struck a lucrative distribution deal with Netflix to share their life story.

According to several sources, the film’s release date has been evolving for weeks; will Netflix be able to air it in time with Prince Harry’s much-anticipated memoir, which is set to be published this fall, or will it not appear on screens until next year? A rep for Netflix stated at the time, “The announcement has not been made yet, and things are still in flux” (Page Six).

However, new information suggests that Netflix is attempting to capitalize on the fuss surrounding the royal family by releasing Meghan/Harry, a documentary series at the same time they release the next season of their blockbuster hit, “The Crown.”

What Netflix is aiming to do

Netflix is working “extremely hard” to release the docuseries about the Duke and Duchess of Sussex by the end of the year, according to an inside source, in order for it to be available on living rooms throughout the world in time for both Prince Harry’s upcoming tell-all book and the network’s own royal drama “The Crown.”

“There’s a lot to organize and a lot of things going on here,” said one source to Page Six. “Netflix wants to make sure they don’t get scooped by Harry’s book, so they’re coming in hard.” The fifth season of “The Crown” is set to premiere on Netflix this November (via BTV). The final season will pick up in the 1980s, focusing on the marital issues faced by Princess Diana and Prince Charles, Harry’s parents.

It’s uncertain whether Netflix will be able to actualize this mythical combination, but we’ll keep you informed!

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Instagram knows you don’t like its changes. They don’t care.



Instagram has released numerous improvements in recent years in an attempt to transition from a social media platform to an e-commerce behemoth, messaging application, and, most recently, a short-form video discovery platform comparable to TikTok.

Now this public identity crisis is bleeding into its user base.

Adam Mosseri, the head of Instagram, addressed the situation on Tuesday morning in a bid to prevent further damage. Wearing a bright yellow pullover and facing the camera, he attempted to quieten a mounting rebellion from prominent Instagrammers.

On Sunday, Kim Kardashian West and other high-profile personalities shared a black-and-white image that read: “Make Instagram Instagram Again. (Stop trying to be TikTok I just want to see cute photos of my friends.) Sincerely, everyone.” The viral story, written by a 21-year-old influencer named Tatiana Bruening, has more than 1.9 million likes as of Wednesday morning.

In the video, Mosseri explained that the app was in transition and that some features, such as a full-screen feed, were simply tests. “There’s a lot going on on Instagram right now,” he said. “We’re experimenting with a number of different changes to the app, and so we’re hearing a lot of concerns from all of you.” But the rapid succession of new features and tests has prompted even its most devoted users to ask if Instagram itself understands what it’s doing.

“Instagram has become overcrowded with so many different types of content happening at the same time,” Bruening said. “Everyone has been feeling the same thing at the same time, but a lot of people have been too afraid to say anything.”

Many changes to the app have been made, including but not limited to: eliminating chronological timelines, elevating photo posts, and downplaying algorithmic discovery. A petition initiated by Bruening aims to restore many of these features, including a chronological timeline, priority for photo postings, and removing the Reels video tool. By Wednesday morning, it had more than 190,000 supporters.

Instagram, which has more than 1 billion monthly active users as of 2021, is still vulnerable to competition from TikTok, which boasts about 400 million monthly active users. While Instagram continues to outpace TikTok in terms of total number of users, short-form video app use has exploded in recent years. In 2020, TikTok became the most-downloaded app in the world, and its young user base began spending more time on it than Instagram and Facebook. The earnings report from Instagram’s parent firm Meta is expected to be published on Wednesday, and it will show if TikTok has harmed its market share.

The Instagram controversy has spilled over into the physical realm. Last Saturday, several dozen content producers gathered outside the firm’s New York headquarters to protest its restrictive community standards and modifications that make locating new users difficult.

How to fix your ‘trash’ Instagram feed — at least temporarily

However, the organization is attempting to move closer to the entertainment world. According to a person familiar with the matter who spoke on the condition of anonymity, Instagram owner Meta is establishing an advisory board that will include top entertainment executives, managers, and publicists. The plan has been in the works for over a year, but outreach to possible board members began this week. The board will not focus on specific product improvements, but rather on how Meta may collaborate with the entertainment industry more closely. Others, on the other hand, believe Instagram’s intentions may yet be validated because only the platform has the data to see what is and isn’t working.

The fact that Instagram is putting out so much effort to challenge its basic purpose of connecting with friends and relatives, according to some pundits, speaks to how radically social media has evolved. “Making that content harder to access shows the competitive landscape they’re in right now,” said Matt Perault, director of the Center on Technology Policy at the University of North Carolina at Chapel Hill. “It might be totally necessary that they pivot, but that doesn’t mean that they’ll succeed in this new world.”

Instagram will have to pay attention to the proper people and navigate the fallout from either side if it wants to weather the storm. “There’s a war between people who want Instagram to be more like Snapchat and people who want it to be more TikTok,” Woodbury said. “Right now the former group is larger and louder.”

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Inside Khloé Kardashian’s Huge Baby News With Tristan Thompson



Sources tell TMZ that Khloé Kardashian is expecting a baby via surrogate with her ex-boyfriend Tristan Thompson. According to a spokesperson for Kardashian, the news is true. Us Weekly reported that the confirmation read: “Khloé is incredibly grateful to the extraordinary surrogate for such a beautiful blessing. We’d like to ask for kindness and privacy so that Khloé can focus on her family.” The baby was conceived in November, implying the surrogate should deliver any time between August and September.


Kardashian and Thompson already have a daughter named True, but the good news is somewhat tempered by the fact that the pair are no longer together. More so, Thompson stated that he had cheated on Kardashian with fitness trainer Maralee Nichols during the pregnancy – and that he fathered a kid with her (via The U.S. Sun). “Khloé, you don’t deserve this,” he wrote in an Instagram post. “You don’t deserve the heartache and humiliation I have caused you.”


Unfortunately, Thompson’s vow of fidelity proved to be as insincere as his relationship with Kardashian. Just months later, the couple called it quits after a model accused him of getting too cozy with her, according to Page Six. He was also photographed attending a soiree at which he entered a notorious “hookup room” with three other females. Many people thought the two had split up following these things, but the latest statement has them wondering where they stand now.

Are two-time parents Khloé and Tristan back together?

In the case of Khloé Kardashian’s pregnancy, history is repeating itself. In early 2022, when she was recording “The Kardashians,” Khloé experienced one of the most difficult periods in her life, discovering Tristan Thompson’s latest indiscretion. After years of marriage, it was revealed that four years ago, he had been cheating on her while she was pregnant with their daughter True, who is now three (via Insider). Not to mention, with her younger sister Kylie’s best friend, Jordan.


Although she is concentrating on having a second kid, Kardashian is focusing on becoming a mother for the second time. According to ET Online, a source said, “The two have long said they wanted True to have a sibling, and Khloé even told her family she’d do it without Tristan if she needed to.” Her doctor, according to Us Weekly, informed her that if she tried to conceive naturally again, she was at high danger of having a miscarriage. Which is why Kardashian and Thompson decided to move forward with a surrogate. Page Six has also reported that the pair will be welcoming a baby boy, as “Khloé has always wanted a little brother for True.”


Fans want to know if this means Kardashian and Thompson are back together. No, according on the ET source: “The two aren’t together and Khloé will have the baby full time, but Khloé wants Tristan in both the kids’ lives as much as he wants to be.” The two had already been cordial for the family’s sake. The pair not only watched True’s dance recital together on Father’s Day 2022, but they also had lunch with the rest of the extended Kardashian family afterwards, as reported by TMZ.

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